Virgil Storr, whose work I admire greatly, writes about the market as a coordinating institution in society by providing arenas in which interaction can occur. This is extremely important in the development of civilization – such interactions build trust, a critical component for transmission of information.
Recently, I had an experience that got me thinking about differences in conceptions of privacy, and began pondering about how different cultural standards might govern commercial interactions:
* Getting ready to go to sleep, typing-typing on internet, Tony’s phone beeps. “Whoever could this be?” he ponders, reading the message:
Mystery Caller: “Hi – is this ‘little student Tony’? (小施同学; a normal, polite-ish diminutive form of address) Can you understand what I’m writing?”